Miner Company
Titan Machinery: Major Concerns, Minor Silver Linings (Rating Downgrade)
Titan Machinery Inc. is still struggling. The U.S. agriculture industry's headwinds weigh on the forward outlook due to weakening farmer income. International agriculture markets, and construction, have a more positive outlook, but U.S. agriculture weakness ultimately matters the most. High debt, a very cloudy outlook, and significant losses, make TITN stock unattractive. I estimate -22% downside to $11.0.
Tickers: SILSILJSIVRSLVSLVPTITN
Titan Machinery Inc. is still struggling. The U.S. agriculture industry's headwinds weigh on the forward outlook due to weakening farmer income. International agriculture markets, and construction, have a more positive outlook, but U.S. agriculture weakness ultimately matters the most. High debt, a very cloudy outlook, and significant losses, make TITN stock unattractive. I estimate -22% downside to $11.0.